Business Context and Reporting Period
This Form 6-K filing by HUTCHMED (China) Limited covers the month of June 2021, specifically addressing a corporate governance event dated June 15, 2021. The registrant is a foreign private issuer incorporated in Hong Kong.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a change in the independent registered public accounting firm and does not contain financial statement data.
Material Changes
- Change in Auditor: On June 15, 2021, the company engaged PricewaterhouseCoopers Zhong Tian LLP ("PwC Zhong Tian") as its new independent registered public accounting firm and dismissed PricewaterhouseCoopers ("PwC").
- Audit Committee Approval: The change was approved by the audit committee of the board of directors.
- Historical Audit Quality: Reports by the former auditor (PwC) for fiscal years ended December 31, 2019, and 2020 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Outlook, Risks, and Contingencies
Disagreements and Reportable Events: The company confirmed there were no disagreements with the former auditor (PwC) regarding accounting principles, practices, disclosures, or audit scope during the 2019 and 2020 fiscal years and the interim period through June 15, 2021. Additionally, no reportable events as defined in Item 16F(a)(1)(v) of Form 20-F occurred during this period.
Consultation with New Auditor: The company confirmed it did not consult with the new auditor (PwC Zhong Tian) regarding accounting principles, specific transactions, or potential audit opinions prior to the engagement. No written reports or oral advice were provided by PwC Zhong Tian that influenced decisions on accounting or financial reporting issues.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 15, 2021).
- Confirm the absence of any undisclosed disagreements with the former auditor (PwC) for the 2019 and 2020 fiscal years.
- Review the attached letter from PwC Zhong Tian (Exhibit 16.1) to confirm their agreement with the disclosures made in this filing.
- Note that this filing does not update financial performance metrics; refer to the most recent Form 20-F or quarterly reports for financial data.